Nonprofit · EIN 47-1467778
WORKCRED INC
Also known as WORKCRED
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $820,264 | $2,318,033 | -$1,497,769 | $407,615 | $10,081,672 | -$9,674,057 |
| December 31, 2024 | 990 | $1,061,627 | $2,125,207 | -$1,063,580 | $264,430 | $8,440,718 | -$8,176,288 |
| December 31, 2023 | 990 | $1,004,313 | $1,920,993 | -$916,680 | $129,495 | $7,242,203 | -$7,112,708 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $820,264
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $411,884
- Other salaries and wages
- $904,380
- Salaries, compensation and benefits (total)
- $1,588,223
- Professional fundraising fees
- $0
- Travel
- $61,167
- Program services (functional)
- $1,732,089
- Management and general (functional)
- $585,944
Balance sheet and other
- Total assets, start of year
- $264,430
- Total assets, end of year
- $407,615
- Total liabilities, end of year
- $10,081,672
- Net assets, end of year
- -$9,674,057
- Net assets without donor restrictions
- -$9,674,057
- Gross receipts
- $820,264
- Employees
- 7
- Volunteers
- 7
- Year formed
- 2014
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FRANCES SCHROTTER | DIRECTOR/SVP, COO Trustee or director | 2 | $0 | $664,975 | $158,929 |
| LAURIE LOCASCIO | CEO & PRESIDENT Trustee or director, Officer | 2 | $0 | $707,619 | $26,992 |
| MARGARET JENSEN | SVP FINANCE & ADMIN & CFO/TREASURER Trustee or director, Officer | 2 | $0 | $580,406 | $119,275 |
| ROY SWIFT | EXECUTIVE DIRECTOR Officer | 40 | $354,844 | $0 | $57,040 |
| GAIL MATTHEWS | ASSOCIATE GENERAL COUNSEL/SECRETARY Officer | 2 | $0 | $342,258 | $61,396 |
| KAREN ELZEY | ASSOCIATE EXECUTIVE DIRECT Highest-paid employee | 40 | $248,076 | $0 | $68,404 |
| VAUGHN TERRY | ASSOCIATE EXECUTIVE DIRECTOR Highest-paid employee | 40 | $157,391 | $0 | $47,313 |
| JANET FELTS FORTE | SENIOR MANAGER OPERATIONS Highest-paid employee | 40 | $143,560 | $0 | $45,103 |
| TALISA JACKSON | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $124,161 | $0 | $35,661 |
| ANDREW UPDEGROVE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BETH OFFENHARTZ CARLSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CYNTHIA DOMINICK WOODLEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GEORGE WESTERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOHN KESSLER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LAWRENCE LYNCH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH DEMARK | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SARANJIT BHATIA | CHAIR & CEO/PRESIDENT Trustee or director, Officer | 2 | $0 | $4,936,047 | $90,655 |
| FRANCES SCHROTTER | DIRECTOR/SVP, COO Trustee or director | 2 | $0 | $636,428 | $140,830 |
| MARGARET JENSEN | DIRECTOR/SVP, CFO/TREASURER Trustee or director, Officer | 2 | $0 | $557,354 | $109,173 |
| ROY SWIFT | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $336,243 | $0 | $54,805 |
| GAIL MATTHEWS | DIR/ SEC ASSOCIATE GENERAL Officer | 2 | $0 | $330,720 | $58,082 |
| KAREN ELZEY | ASSOCIATE EXECUTIVE DIRECT Highest-paid employee | 40 | $238,301 | $0 | $61,731 |
| LAURA CARDENAS-NAVIA | DIRECTOR RESEARCH Highest-paid employee | 40 | $181,841 | $0 | $82,218 |
| JANET FELTS FORTE | SENIOR MANAGER OPERATIONS Highest-paid employee | 40 | $125,601 | $0 | $43,502 |
| ANDREW UPDEGROVE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BETH OFFENHARTZ CARLSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CYNTHIA DOMINICK WOODLEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ELIZABETH MENDEZ | DIRECTOR (OUTGOING) Trustee or director | 2 | $0 | $0 | $0 |
| GEORGE WESTERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOHN KESSLER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LAWRENCE LYNCH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SARAH DEMARK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SARANJIT BHATIA | CHAIR & CEO/PRESIDENT Trustee or director, Officer | 2 | $0 | $2,194,541 | $104,717 |
| FRANCES SCHROTTER | DIRECTOR/SVP, COO Trustee or director | 2 | $0 | $578,163 | $131,479 |
| MARGARET JENSEN | DIRECTOR/SVP, CFO/TREASURER Trustee or director, Officer | 2 | $0 | $506,523 | $104,567 |
| ROY SWIFT | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $317,047 | $0 | $49,373 |
| GAIL MATTHEWS | DIR/ SEC ASSOCIATE GENERAL Officer | 2 | $0 | $312,976 | $40,190 |
| KAREN ELZEY | ASSOCIATE EXECUTIVE DIRECTOR Highest-paid employee | 40 | $221,783 | $0 | $40,212 |
| LAURA CARDENAS-NAVIA | DIRECTOR RESEARCH Highest-paid employee | 40 | $161,219 | $0 | $62,975 |
| JANET FELTS FORTE | SENIOR MANAGER OPERATIONS Highest-paid employee | 40 | $114,517 | $0 | $46,595 |
| ANDREW UPDEGROVE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BETH OFFENHARTZ CARLSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CYNTHIA DOMINICK WOODLEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVID BYER | DIRECTOR (OUTGOING) Trustee or director | 2 | $0 | $0 | $0 |
| ELIZABETH MENDEZ | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GEORGE WESTERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOHN KESSLER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LAWRENCE LYNCH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1899 L STREET NW 11 FL, WASHINGTON, DC 20036-3804
- In care of
- % PEGGY JENSEN
- Principal officer (990 for 2025)
- ANNA CHIPCHASE, 1899 L STREET NW 11 FL, WASHINGTON, DC 20036
- Signed the 990
- ANNA CHIPCHASE, ACTING CFO
- Phone
- (202) 293-8020
- Website
- WORKCRED.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
FORMED IN 2014, WORKCRED IS AN AFFILIATE OF THE AMERICAN NATIONAL STANDARDS INSTITUTE (ANSI). WORKCRED'S MISSION IS TO STRENGTHEN WORKFORCE QUALITY BY IMPROVING THE CREDENTIALING SYSTEM, ENSURING ITS ONGOING RELEVANCE, AND PREPARING EMPLOYERS, WORKERS, EDUCATORS, AND GOVERNMENTS TO USE IT EFFECTIVELY.
Program accomplishments
- FORMED IN 2014, WORKCRED IS AN AFFILIATE OF THE AMERICAN NATIONAL STANDARDS INSTITUTE (ANSI). WORKCRED'S MISSION IS TO STRENGTHEN WORKFORCE QUALITY BY IMPROVING THE CREDENTIALING SYSTEM, ENSURING ITS ONGOING RELEVANCE, AND PREPARING EMPLOYERS, WORKERS, EDUCATORS, AND GOVERNMENTS TO USE IT EFFECTIVELY.Expenses $1,732,089 · revenue $820,264
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1467778
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $407,615
- Income (IRS master file)
- $820,264
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $820,264 | $2,318,033 | $407,615 | XML |
| 990 | December 2024 | $1,061,627 | $2,125,207 | $264,430 | XML |
| 990 | December 2023 | $1,004,313 | $1,920,993 | $129,495 | XML |
| 990 | December 2022 | $821,058 | $1,755,682 | $99,627 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1467778).
Questions about WORKCRED INC
- What is the EIN of WORKCRED INC?
- The employer identification number (EIN) of WORKCRED INC is 47-1467778.
- Is WORKCRED INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to WORKCRED INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does WORKCRED INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORKCRED INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORKCRED INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WORKCRED INC?
- The 990 for the year ended December 31, 2025 names ANNA CHIPCHASE.
- Who are the officers and directors of WORKCRED INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 5 received compensation from the organization.
- How much revenue does WORKCRED INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $820,264, expenses of $2,318,033 and total assets of $407,615 at year end.
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